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AP Microeconomics
Unit 2 โ Supply and Demand
Topic 2.8
Unit 2 โ Supply and Demand
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2.8 The Effects of Government Intervention in Markets
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mixed difficulty
If demand is relatively elastic and supply is relatively inelastic, what happens to the tax burden?
Consumers bear more of the tax burden than producers.
No tax burden.
Producers bear more of the tax burden than consumers.
Both consumer and producer shared equal tax burden.
Study guides (1)
AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
Key terms
Tax Burden
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